Revenue generation from state excise duties also fell short by Rs 3,056 crore as of March 31, compared to budget estimates set at the beginning of the financial year, the figures show.Priyanka Kakodkar | TNN | May 20, 2017, 19:00 IST

Revenue generation from state excise duties also fell short by Rs 3,056 crore as of March 31, compared to budget estimates set at the beginning of the financial year, the figures show. These are the latest figures on the state’s accounts with the Comptroller and Auditor General of India.

The data shows the state achieved 89% of the target for 2016-17. However, last year it achieved 103% of the target.

Collection from land revenue was Rs 1,799 crore by March 31 compared to the budget estimate of Rs 3,200 crore. This means the state achieved only 56% of its target.

In 2015-16 too, land revenue collection was only 54% of the budget estimates. However, officials say a portion of this revenue is generated from agricultural land which dipped in 2015-16 since it was a drought year.

The state collected excise duties totalling Rs 12,287 crore compared to the budget estimate of Rs 15,343 crore. This is 80% of the target. However, last year, the government collected 92% of the target.

Overall, the state’s revenue receipts for 2016-17 fell short by Rs 15,465 crore compared to the budget estimates. That’s 7% short of the target. Revenue receipts from sales tax and other taxes and duties exceeded targets.

State officials say that sometimes budget estimates are unrealistically high, which is why there is a shortfall in the actual collections.

State finance minister Sudhir Mungantiwar said revenue generation was not at all affected by demonetisation. “It’s true that collections from stamp duty, land revenue and excise were lower than budget estimates but this is more because of an overall slowdown. It’s not the result of demonetisation,” he said.

Mungantiwar said the state had in fact gained revenue during the same period through Value Added Tax.